☆ Daily Technical Analysis by MEX Exchange ☆

MEX_Exchange · August 7, 2017, 1:57am

Date: August 7, 2017

USDJPY bouncing up towards profit target, remain bullish

Buy above 110.32. Stop loss at 109.74. Take profit at 111.59.
Reason for the trading strategy (technically):
Price has bounced perfectly off our buying area and has started to shoot up nicely towards our profit target. We can also see that is has made a bullish exit from a previous descending resistance-turned-support line. We remain bullish looking to buy above 110.32 support (Fibonacci retracement, pullback support) for a further push up towards 111.59 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees bullish divergence and also sees a bullish exit of a descending resistance-turned-support line.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

**AUDJPY profit target reached for the 5th time, prepare to buy **

Buy above 87.80. Stop loss at 87.48. Take profit at 88.25.
Reason for the trading strategy (technically):
Price has bounced perfectly and reached our profit target for the 5th time in a row. We remain bullish looking to buy on the break of our 87.80 resistance (Fibonacci retracement, horizontal overlap resistance). Once price has broken this level with strength, we look to play the rise to 88.25 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
RSI (34) has broken out of a descending resistance-turned-support line signalling that a change in momentum is fast approaching.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

EURJPY prepare to buy on major support

Buy above 130.19. Stop loss at 129.76. Take profit at 131.03.
Reason for the trading strategy (technically):
Price is now testing major support at 130.19 (Fibonacci retracement, Fibonacci extension, bullish divergence) and we expect to see a strong bounce above this level for a push up to 131.03 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 7.8% and also sees bullish divergence signalling that a bounce is impending.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

NZDUSD testing major resistance, remain bearish for a further drop

Sell below 0.7459. Stop loss at 0.7500. Take profit at 0.7333.
Reason for the trading strategy (technically):
Price continues to test our major resistance level. We remain bearish looking to sell below 0.7459 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 0.7333 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees intermediate resistance at 49% which continues to hold it down.
Correlation analysis: We are expecting commodities weakness with AUDUSD and NZDUSD both expecting drops.

AUDUSD dropping nicely towards profit target, remain bearish for a further drop

Sell below 0.7942. Stop loss at 0.7981. Take profit at 0.7875.
Reason for the trading strategy (technically):
Price has dropped nicely from our previous call on Friday. We remain bearish looking to sell on strength below 0.7942 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 0.7875 support (Fibonacci extension, horizontal swing low support, bearish channel momentum).
RSI (34) sees a descending resistance line holding our bearish momentum really nicely.
Correlation analysis: We are expecting commodities weakness with AUDUSD and NZDUSD both expecting drops.

GBPUSD profit target reached perfectly, prepare to buy

Buy above 1.3006. Stop loss at 1.2954. Take profit at 1.3109.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 1.3109 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is testing major support at 7.5% and we expect a bounce soon.

MEX_Exchange · August 8, 2017, 1:40am

Date: August 8, 2017

USDJPY remain bullish for a further rise

Buy above 110.32. Stop loss at 109.74. Take profit at 111.59.
Reason for the trading strategy (technically):
Price made a bullish exit from a previous descending resistance-turned-support line signalling that we’re seeing a change in momentum. We remain bullish looking to buy above 110.32 support (Fibonacci retracement, pullback support) for a further push up towards 111.59 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees bullish divergence and also sees a bullish exit of a descending resistance-turned-support line.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

AUDJPY remain bullish with price testing pullback support

Buy above 87.53. Stop loss at 87.32. Take profit at 88.02.
Reason for the trading strategy (technically):
We remain bullish looking to buy above major support at 87.53 (Fibonacci retracement, horizontal swing low support, pullback support) for a push up to at least 88.02 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) has broken out of a descending resistance-turned-support line signalling that a change in momentum is fast approaching.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

EURJPY bouncing perfectly towards profit target, remain bullish for a further rise

Buy above 130.46. Stop loss at 130.17. Take profit at 131.03.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying level yesterday. We remain bullish today looking to protect our profits by shifting stop loss to breakeven at 130.17. The plan is to continue to buy on dips above 130.46 support (Fibonacci retracement, horizontal overlap support) for a further push up to 131.03 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing intermediate support at 42% signalling that a further rise is expected.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

NZDUSD profit target reached, prepare to buy

Buy above 0.7333. Stop loss at 0.7305. Take profit at 0.7389.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is fast approaching our profit target. We prepare to buy above major support at 0.7333 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) for a push up to at least 0.7389 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) sees intermediate resistance at 49% which continues to hold it down, as long as RSI remains below this level, our long term view on NZDUSD would be bearish.
Stochastic is seeing major support at 8% signalling that a short term correction is fast approaching.

AUDUSD dropping perfectly towards profit target. Remain bearish for a further drop

Sell below 0.7931. Stop loss at 0.7950. Take profit at 0.7875.
Reason for the trading strategy (technically):
Price has dropped perfectly form our selling area yesterday. We remain bearish looking to sell on strength below 0.7931 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 0.7875 support (Fibonacci extension, horizontal swing low support). We also shift our stop loss to 0.7950 to protect our running profits.
RSI (34) sees a descending resistance line holding our bearish momentum really nicely.

GBPUSD remain bullish above major support

Buy above 1.3006. Stop loss at 1.2954. Take profit at 1.3109.
Reason for the trading strategy (technically):
Price continues to drop towards our buying area. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) for a bounce up to at least 1.3109 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is testing major support at 7.5% and we can see bullish divergence being formed vs price signalling that a bounce is impending.

MEX_Exchange · August 9, 2017, 1:08am

Date: August 9, 2017

USDJPY approaching major support, prepare to buy

Buy above 109.92. Stop loss at 109.61. Take profit at 111.00.
Reason for the trading strategy (technically):
Price has continued to drop since yesterday. We prepare to buy above 109.92 support (Fibonacci extension, horizontal swing low support) for a push up to at least 111.00 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) sees bullish divergence and also an ascending support line holding it up nicely.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

AUDJPY approaching major support, prepare to buy

Buy above 87.04. Stop loss at 86.85. Take profit at 87.52.
Reason for the trading strategy (technically):
Price has continued to drop strongly since yesterday. The key now is to wait for a major support level to buy from. We are seeing major support at 87.04 (multiple Fibonacci extensions) and expect to see a short term corrective bounce above this level to at least 87.52 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing major support at 3.7% where we expect a corresponding bounce from.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

EURJPY right on major support, remain bullish for a corrective bounce

Buy above 129.55. Stop loss at 129.34. Take profit at 130.07.
Reason for the trading strategy (technically):
Price has continued to drop from yesterday. We’re now on major support at 129.55 (Fibonacci extension, horizontal swing low support, bullish price action) and we expect to see an intermediate corrective bounce above this level for price to rise to at least 130.07 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 7.3% and we expect to see a corresponding bounce above this level.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on EURJPY, AUDJPY and USDJPY.

NZDUSD right on major support, remain bullish

Buy above 0.7325. Stop loss at 0.7305. Take profit at 0.7389.
Reason for the trading strategy (technically):
Price is right on major support at 0.7325 (multiple Fibonacci extensions, horizontal swing low support, channel support) and we expect to see a bounce above this level for a push up to at least 0.7389 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic is seeing major support at 8% signalling that a short term correction is fast approaching.

AUDUSD remain bearish for a further drop

Sell below 0.7931. Stop loss at 0.7950. Take profit at 0.7875.
Reason for the trading strategy (technically):
Price has dropped perfectly form our selling area yesterday. We remain bearish looking to sell on strength below 0.7931 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 0.7875 support (Fibonacci extension, horizontal swing low support). We also shift our stop loss to 0.7950 to protect our running profits.
RSI (34) sees a descending resistance line holding our bearish momentum really nicely.

EURUSD prepare to sell on break of major support

Sell below 1.1750. Stop loss at 1.1854. Take profit at 1.1500.
Reason for the trading strategy (technically):
Price has started to show the first signs of a major bearish reversal by breaking out of our ascending channel. However, we prepare to sell only if price manages to close below 1.1750 support (Fibonacci retracement, horizontal overlap support) which would trigger a bearish move for a drop to at least 1.1500 support (Fibonacci retracement, horizontal overlap support, big figure).
RSI (34) sees intermediate support at 50% and only a break of this level would correspondingly trigger a bearish move on EURUSD.

MEX_Exchange · August 10, 2017, 2:32am

Date: August 10, 2017

USDJPY bouncing nicely above support, remain bullish for a further rise

Buy above 109.92. Stop loss at 109.52. Take profit at 111.00.
Reason for the trading strategy (technically):
Price was testing our buying level yesterday. We remain bullish looking to buy above 109.92 support (Fibonacci extension, horizontal swing low support) for a push up to at least 111.00 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (55) sees bullish divergence and also an ascending support line holding it up nicely.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on AUDJPY and USDJPY.

AUDJPY start buying for a strong push up

Buy above 86.79. Stop loss at 86.49. Take profit at 87.36.
Reason for the trading strategy (technically):
Price has formed a cup and handle reversal pattern signalling that we’ll be seeing a strong bounce from here. We look to buy above 86.79 support (Fibonacci retracement, horizontal pullback support) for a push up to at least 87.36 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is bouncing nicely off our 3.7% level with good upside potential.
Correlation analysis: We are seeing JPY weakness across the board with bounces expected on AUDJPY and USDJPY.

EURJPY prepare to sell on major resistance

Sell below 129.60. Stop loss at 130.15. Take profit at 128.53
Reason for the trading strategy (technically):
Price is approaching major resistance at 129.60 (Fibonacci retracement, horizontal overlap resistance) and we’re expecting a strong reaction off this level for price to make a push down to at least 128.53 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below 94% where we expect a reaction from.

NZDUSD bouncing up nicely, remain bullish for a further rise

Buy above 0.7336. Stop loss at 0.7305. Take profit at 0.7389.
Reason for the trading strategy (technically):
Price had bounced off our support level perfectly from yesterday. We remain bullish looking to buy on dips above 0.7336 (Fibonacci retracement, horizontal pullback support) for a further push up to at least 0.7389 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is bouncing nicely off our 8% support and has good upside potential.

AUDUSD profit target reached perfectly, remain bearish for a further drop

Sell below 0.7894. Stop loss at 0.7921. Take profit at 0.7854.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We remain bearish looking to sell below 0.7894 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 0.7854 support (Fibonacci extension, horizontal swing low support).
RSI (55) sees a descending resistance line holding our bearish momentum really nicely.

EURUSD testing major support, prepare to sell

Sell below 1.1750. Stop loss at 1.1854. Take profit at 1.1500.
Reason for the trading strategy (technically):
Price has started to show the first signs of a major bearish reversal by breaking out of our ascending channel and breaking below our major support level. We remain bearish looking to below 1.1750 support (Fibonacci retracement, horizontal overlap support) for a drop to at least 1.1500 support (Fibonacci retracement, horizontal overlap support, big figure).
RSI (34) sees intermediate support at 50% and only a break of this level would correspondingly trigger a bearish move on EURUSD.

MEX_Exchange · August 11, 2017, 1:33am

Date: August 11, 2017

USDCHF approaching major support, prepare to buy

Buy above 0.9593. Stop loss at 0.9560. Take profit at 0.9671.
Reason for the trading strategy (technically):
Price is approaching major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and we intend to see a nice bounce above this level for a push up to at least 0.9671 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above 12% where we expect a bounce from.

AUDJPY approaching strong support, prepare to buy for a corrective bounce

Buy above 85.68. Stop loss at 85.29. Take profit at 86.33.
Reason for the trading strategy (technically):
Price is approaching major support at 85.68 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and we expect to see a bounce above this level for a corrective move up to at least 86.33 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is approaching major support at 1.2% where we expect a bounce from.
Correlation analysis: We’re seeing bounces both on AUDJPY and EURJPY.

EURJPY forming a nice reversal pattern, prepare to buy

Buy above 128.22. Stop loss at 127.91. Take profit at 129.51.
Reason for the trading strategy (technically):
Price is forming a nice reversal pattern and we expect to see a bounce soon. The plan is to buy above 128.22 support (Fibonacci extension, bullish divergence, bullish price action) for a push up to at least 129.51 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 6% and also displays bullish divergence vs price signalling that a bounce is impending.
Correlation analysis: We’re seeing bounces both on AUDJPY and EURJPY.

NZDUSD testing major support, remain bullish for a bounce

Buy above 0.7258. Stop loss 0.7236. Take profit at 0.7337.
Reason for the trading strategy (technically):
Price is testing major support at 0.7258 (Fibonacci extension, horizontal swing low support, channel support, bullish divergence) and we expect to see a nice bounce above this level for a rise to at least 0.7337 resistance (Fibonacci retracement, horizontal pullback resistance, potential channel resistance).
Stochastic (34,5,3) is bouncing nicely off our 8% support and also displays bullish divergence vs price signalling that a bounce is impending.

AUDUSD approaching profit target, prepare to buy

Buy above 0.7854. Stop loss at 0.7834. Take profit at 0.7897.
Reason for the trading strategy (technically):
Price has dropped perfectly towards our profit target and is fast approaching it. We prepare to buy above major support at 0.7854 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7897 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing nice support above 8.5% where we expect a bounce from.

EURUSD testing major support, prepare to sell

Sell below 1.1750. Stop loss at 1.1854. Take profit at 1.1500.
Reason for the trading strategy (technically):
Price has started to show the first signs of a major bearish reversal by breaking out of our ascending channel and testing our major support level. We remain bearish looking to below 1.1750 support (Fibonacci retracement, horizontal overlap support) for a drop to at least 1.1500 support (Fibonacci retracement, horizontal overlap support, big figure).
RSI (34) needs to break our intermediate support at 50% once again to trigger a bearish move from here.

MEX_Exchange · August 14, 2017, 1:40am

Date: August 14, 2017

USDCHF bouncing nicely off support, remain bullish for a further rise

Buy above 0.9593. Stop loss at 0.9560. Take profit at 0.9671.
Reason for the trading strategy (technically):
Price has dropped and reached our buying level before bouncing up perfectly. We remain bullish above major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up to at least 0.9671 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is bouncing nicely off our 12% support and has good upside potential.

**AUDJPY profit target reached perfectly, prepare to sell **

Sell below 86.57. Stop loss at 85.42. Take profit at 87.17.
Reason for the trading strategy (technically):
Price has shot up perfectly from our buying are and has reached our profit target. We prepare to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 91% and we expect a drop from here.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.

EURJPY approaching profit target, prepare to sell

Sell below 129.51. Stop loss at 130.03. Take profit at 128.11.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying level and is fast approaching our profit target. We prepare to sell on major resistance at 129.51 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 128.11 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (34,5,3) is seeing major resistance below 94% and we expect a reaction off this level.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.

NZDUSD profit target reached perfectly, prepare to sell on channel resistance

Sell below 0.7329. Stop loss at 0.7371. Take profit at 0.7263.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 0.7329 (Fibonacci retracement, horizontal resistance, channel resistance) for a push down to at least 0.7263 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a corresponding drop from.

AUDUSD profit target reached perfectly, remain bullish for a further rise

Buy above 0.7892. Stop loss at 0.7865. Take profit at 0.7943.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and has reached our profit target perfectly. We remain bullish after price has broken out of our bearish channel as we look to buy above major support at 0.7892 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7942 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).
RSI (34) sees a bullish exit from a long term descending resistance-turned-support line signalling that we’re seeing a change in momentum from bearish to bullish.

USDJPY bouncing perfectly off major support, remain bullish

Buy above 108.75. Stop loss at 108.35. Take profit at 110.08.
Reason for the trading strategy (technically):
Price has started to bounce off major support at 108.75 (Multiple Fibonacci extensions, horizontal swing low support) and we expect a rise from this level to at least 110.08 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 5.3% and we expect a corresponding bounce above this level too.

MEX_Exchange · August 15, 2017, 1:31am

Date: August 15, 2017

EURUSD reversing below major resistance, prepare to sell

Sell below 1.1824. Stop loss at 1.1928. Take profit at 1.1615.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.1824 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and we expect to see a drop from this level to at least 1.1615 support (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
RSI (34) sees intermediate resistance at 56% which is holding price down really well. As long as RSI remains below 56%, we will maintain our bearish bias.

**AUDJPY reversing nicely below our selling area, remain bearish **

Sell below 86.57. Stop loss at 85.42. Take profit at 87.17.
Reason for the trading strategy (technically):
Price dropped really nicely from our selling area yesterday. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 91% and also intermediate resistance at 64%.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

EURJPY approaching profit target, prepare to sell

Sell below 129.60. Stop loss at 130.17. Take profit at 128.11.
Reason for the trading strategy (technically):
Price has reacted very nicely off our selling area yesterday. We remain bearish looking to sell on major resistance at 129.60 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 128.11 support (Fibonacci extension, horizontal swing low support) once again.
Stochastic (34,5,3) is seeing major resistance below 94% and we expect a reaction off this level.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

NZDUSD dropping perfectly towards profit target, prepare to buy for a bounce

Buy above 0.7256. Stop loss at 0.72299. Take profit at 0.7326.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area yesterday and is fast approaching our profit target. We prepare to buy above major support at 0.7256 (Fibonacci extension, horizontal swing low support) for a push up to at least 0.7326 resistance (Fibonacci retracement, horizontal swing high resistance). However, we have to be cautious about the descending channel resistance too.
Stochastic (34,5,3) is seeing support above 4.9% where we expect to see a corresponding bounce off.
Correlation analysis: We’re seeing commodity strength vs USD today with bounces expected on AUDUSD and NZDUSD.

AUDUSD approaching major support, prepare to buy

Buy above 0.7842. Stop loss at 0.7814. Take profit at 0.7917.
Reason for the trading strategy (technically):
Price has continued to drop strongly since yesterday. We prepare to buy above major support at 0.7842 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) for a push up to at least 0.7917 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 12% where we expect to see a corresponding bounce from.
Correlation analysis: We’re seeing commodity strength vs USD today with bounces expected on AUDUSD and NZDUSD.

USDJPY profit target reached perfectly, prepare to sell

Sell below 110.14. Stop loss at 110.67. Take profit at 108.75.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our selling area and has reached our profit target perfectly. We prepare to sell on major resistance at 110.14 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 108.75 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 97% where we expect to see a strong reaction under.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

usdjpy.png1805×845 69.1 KB

MEX_Exchange · August 16, 2017, 1:29am

Date: August 16, 2017

EURUSD dropping perfectly towards profit target, remain bearish

Sell below 1.1824. Stop loss at 1.1928. Take profit at 1.1615.
Reason for the trading strategy (technically):
Price has started to drop really nicely towards our profit target. We remain bearish below major resistance at 1.1824 (Fibonacci retracement, horizontal overlap resistance, pullback resistance) and we expect to see a drop below this level to at least 1.1615 support (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
RSI (34) sees intermediate resistance at 56% which is holding price down really well. As long as RSI remains below 56%, we will maintain our bearish bias.

**AUDJPY testing major resistance, remain bearish **

Sell below 86.57. Stop loss at 85.42. Take profit at 87.17.
Reason for the trading strategy (technically):
Price is back to testing our selling area. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 91% and has reversed nicely from there.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

EURJPY forming a nice reversal pattern, remain bearish

Sell below 130.07. Stop loss at 130.35. Take profit at 128.92.
Reason for the trading strategy (technically):
Price is approaching major resistance at 130.07 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level for a drop to at least 128.92 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 94% and also sees bearish divergence vs price signalling that a reversal is impending.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

NZDUSD has broken major support, prepare to sell

Sell below 0.7258. Stop loss at 0.7286. Take profit at 0.7196.
Reason for the trading strategy (technically):
Price has broken our major support-turned-resistance level at 0.7258 and we prepare to sell below this resistance level (Fibonacci retracement, horizontal pullback resistance) for a further push down following our bearish channel momentum to at least 0.7196 (Fibonacci extension, horizontal swing low support).
RSI (21) sees resistance at 63% and also a recent bearish exit signalling that we’re expecting more bearish momentum.

USDCHF approaching major resistance, prepare to sell

Sell below 0.9770. Stop loss at 0.9809. Take profit at 0.9671.
Reason for the trading strategy (technically):
Price has reached our profit target perfectly from Monday. We prepare to sell below major resistance at 0.9770 (Fibonacci extension, horizontal swing high resistance) for a push down to at least 0.9671 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 98% and has reacted very well off it. We expect to see a further drop below this level.

USDJPY testing major resistance, prepare to sell

Sell below 110.88. Stop loss at 111.44. Take profit at 109.67.
Reason for the trading strategy (technically):
Price is approaching major resistance at 110.88 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a bearish reaction off this level for a drop to at least 109.67 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is reversing nicely below our 97% resistance level and we expect to see a corresponding drop in price from here.

MEX_Exchange · August 17, 2017, 1:46am

Date: August 17, 2017

AUDUSD approaching major resistance, prepare to sell

Sell below 0.7938. Stop loss at 0.7982. Take profit at 0.7877
Reason for the trading strategy (technically):
Price is now approaching major resistance at 0.7938 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction from this level to fuel the drop to at least 0.7877 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is testing major resistance at 96% and we expect to see a corresponding drop in price from this level.

**AUDJPY testing major resistance, remain bearish **

Sell below 87.39. Stop loss at 88.08. Take profit at 86.32.
Reason for the trading strategy (technically):
Price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86.32 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where we expect to see a corresponding reaction in price from.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

EURJPY forming a nice reversal pattern, remain bearish

Sell below 130.07. Stop loss at 130.42. Take profit at 128.92.
Reason for the trading strategy (technically):
Price reversed nicely yesterday and is dropping nicely. We prepare to sell below resistance at 130.07 (Fibonacci retracement, horizontal overlap resistance, bearish price action, bearish divergence) for a push down to at least 128.92 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing a nice reversal below 94% and has bearish divergence vs price signalling that a strong reversal is fast approaching.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY, EURJPY and USDJPY.

NZDUSD testing major resistance, prepare to sell

Sell below 0.7322. Stop loss at 0.7372. Take profit at 0.7223.
Reason for the trading strategy (technically):
Price is now testing major resistance at 0.7322 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a reaction from this level for a push down to at least 0.7223 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% level and we expect to see a corresponding drop in price from.

USDCHF profit target reached perfectly, prepare to buy on major support

Buy above 0.9598. Stop loss at 0.9557. Take profit at 0.9697.
Reason for the trading strategy (technically):
Price has shot down perfectly from our selling level and reached our profit targets. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.9697 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 2.3% where we expect a corresponding bounce in price from.

USDJPY dropping perfectly towards profit target, remain bearish while protecting our profits

Sell below 110.34. Stop loss at 111.09. Take profit at 108.77.
Reason for the trading strategy (technically):
Price has dropped really nicely from our selling area yesterday. We remain bearish looking to sell below resistance at 110.34 (Fibonacci retracement, horizontal pullback resistance) for a further push down to at least 108.77 support (Fibonacci extension, horizontal swing low support). We shift our stop loss to 111.09 which was yesterday’s entry to protect our profits.
Stochastic (21,5,3) is turning down nicely from our 95% resistance level.

MEX_Exchange · August 18, 2017, 1:23am

Date: August 18, 2017
AUDUSD profit target reached perfectly, prepare to buy

Buy above 0.7877. Stop loss at 0.7846. Take profit at 0.7938.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 0.7846 (Fibonacci retracement, horizontal pullback support) for a push up to at least 0.7938 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above 7.2% where we expect a bounce from.

**AUDJPY profit target reached perfectly, prepare to buy for a strong bounce **

Buy above 86.02. Stop loss at 85.71. Take profit at 86.94.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area to our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, horizontal overlap support) for a push up to at least 86.94 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing major support above 2% where we expect a corresponding bounce from.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.

EURJPY profit target reached perfectly, prepare to buy for a bounce

Sell below 130.07. Stop loss at 130.42. Take profit at 128.92.
Reason for the trading strategy (technically):
Price continued its drop yesterday and has reached our profit target perfectly. We prepare to buy above major support at 130.07 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 130.07 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is testing major support at 7.1% and we expect a corresponding bounce from that level.
Correlation analysis: We’re seeing JPY strength with drops on AUDJPY and EURJPY.

NZDUSD dropping nicely towards profit target, remain bearish

Sell below 0.7290. Stop loss at 0.7335. Take profit at 0.7223.
Reason for the trading strategy (technically):
Price has reversed perfectly from our selling area and is approaching our profit target. We remain bearish below 0.7290 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to at least 0.7223 support (Fibonacci extension, horizontal swing low support). We shift our stop loss to 0.7335 resistance to protect our profits.
Stochastic (34,5,3) has reversed nicely and has good downside potential to play our drop.

USDCHF approaching major support, prepare to buy

Buy above 0.9598. Stop loss at 0.9557. Take profit at 0.9697.
Reason for the trading strategy (technically):
Price has creeped closer to our major buying area since yesterday. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to at least 0.9697 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 2.3% where we expect a corresponding bounce in price from. We can also see bullish divergence vs price signalling that a reversal is fast approaching.

EURUSD testing major support, prepare to buy

Buy above 1.1691. Stop loss at 1.1645. Take profit at 1.1795.
Reason for the trading strategy (technically):
Price is seeing major support at 1.1691 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level towards 1.1795 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing nice support above 13% and also sees an intermediate ascending support line push price up.

MEX_Exchange · August 21, 2017, 1:50am

Date: August 21, 2017

AUDUSD profit target has once again been reached, prepare to sell

Sell below 0.7964. Stop loss at 0.7997. Take profit at 0.7874.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 0.7964 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) for a push down to at least 0.7874 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance below 95% where we expect a drop from.

**AUDJPY profit target has been reached perfectly, prepare to sell **

Sell below 87.39. Stop loss at 88.08. Take profit at 86.02
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 86.02 support (Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is seeing resistance at 93% and we expect a corresponding reaction off that level similar to the one we expect on price.

USDJPY profit target reached perfectly, previously, prepare to buy again

Buy above 108.85. Stop loss at 108.28. Take profit at 110.28.
Reason for the trading strategy (technically):
Price has bounced off our support at 108.85 previously to reach our profit target, it has now once again came to test this major level of support. Our plan is to buy above 108.85 support (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is bouncing off nicely from our 2.3% support with good upside potential.

NZDUSD testing major resistance, remain bearish

Sell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223.
Reason for the trading strategy (technically):
Price is now testing major resistance at 0.7337 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is reversing nicely below our 96% resistance and we also see bearish divergence vs price signalling that a reversal is impending.

USDCHF bouncing perfectly off support and approaching profit target, prepare to sell

Sell below 0.9697. Stop loss at 0.9732. Take profit at 0.9588.
Reason for the trading strategy (technically):
Price touched our buying area from Friday and has bounced off perfectly whilst continuing its rise towards our profit target. We prepare to sell below major resistance at 0.9697 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 0.9588 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below 97% and we expect a corresponding reaction from that level similar to the one we expect on price.

EURUSD approaching major resistance, prepare to sell

Sell below 1.1793. Stop loss at 1.1842. Take profit at 1.1691.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.1793 (Fibonacci retracement, horizontal swing high resistance, descending resistance) and we expect price to have a strong reaction off that level to push it down to at least 1.1691 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below 94% and we expect a corresponding reaction off that level similar to the one we expect on price.

MEX_Exchange · August 22, 2017, 1:26am

Date: August 22, 2017

AUDUSD approaching major resistance, prepare to sell

Sell below 0.7964. Stop loss at 0.7997. Take profit at 0.7874.
Reason for the trading strategy (technically):
Price has slowly creeped up towards our selling area and is starting to form a really nice reversal pattern. We prepare to sell on major resistance at 0.7964 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension, bearish divergence) for a push down to at least 0.7874 support (Fibonacci retracement, horizontal overlap support).
Stochastic (21,5,3) is seeing major resistance below 95% where we expect a drop from. We also see bearish divergence vs price signalling that a reversal is impending.

**AUDJPY dropping nicely towards profit target, prepare to buy on major support **

Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38.
Reason for the trading strategy (technically):
Price has dropped perfectly towards our profit target. We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.

USDJPY testing major support, remain bullish for a push up

Buy above 108.85. Stop loss at 108.28. Take profit at 110.28.
Reason for the trading strategy (technically):
Price is once again testing our major level of support at 108.85. Our plan is to buy above this major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is bouncing off nicely from our 2.3% support with good upside potential.

NZDUSD testing major resistance, remain bearish

Sell below 0.7337. Stop loss at 0.7373. Take profit at 0.7223.
Reason for the trading strategy (technically):
Price is now testing major resistance at 0.7337 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect a drop from this level to at least 0.7223 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is reversing nicely below our 96% resistance and we also see bearish divergence vs price signalling that a reversal is impending.

GBPUSD approaching major resistance, prepare to sell

Sell below 1.2930. Stop loss at 1.2974. Take profit at 1.2844.
Reason for the trading strategy (technically):
Price is approaching major resistance at 1.2930 (Fibonacci retracement, horizontal pullback resistance, bearish divergence) and we expect to see a strong reaction off this level for a drop to at least 1.2844 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 88% and also sees bearish divergence vs price signalling that a reversal is fast approaching.

EURJPY approaching major level of resistance, prepare to sell

Sell below 128.95. Stop loss at 129.54. Take profit at 127.56 and 127.04.
Reason for the trading strategy (technically):
Price is approaching a major level of resistance at 128.95 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a push down to first 127.56 support (Fibonacci retracement, horizontal swing low support) before 127.04 (Fibonacci extension).
Stochastic (34,5,3) is seeing major resistance below 93% and we expect to see a strong reaction from this level.

MEX_Exchange · August 23, 2017, 1:32am

Date: August 23, 2017

AUDUSD dropping towards profit target, remain bearish for a further drop

Sell below 0.7928. Stop loss at 0.7954. Take profit at 0.7874.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is fast approaching our profit target, we can also see that it has broken a major support-turned-resistance line signalling that a change in momentum has occurred to bearish. We remain bearish below 0.7928 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 0.7874 support (Fibonacci retracement, horizontal overlap support). We move our stop loss to 0.7954 to protect our profits.
RSI (34) sees a bearish exit signal a major change in momentum to bearish.

**AUDJPY prepare to buy on dips **

Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38.
Reason for the trading strategy (technically):
We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.

USDJPY bouncing up perfectly, remain bullish for a further rise

Buy above 108.85. Stop loss at 108.28. Take profit at 110.28.
Reason for the trading strategy (technically):
Price has bounced up perfectly as expected. We remain bullish looking to buy above major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is bouncing off nicely from our 2.3% support with good upside potential.

NZDUSD dropping perfectly towards our profit target, remain bearish for a further drop

Sell below 0.7304. Stop loss at 0.7340. Take profit at 0.7223.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area and is fast approaching our profit target. We remain bearish below 0.7304 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop towards 0.7223 support (Fibonacci extension, horizontal swing low support). We also shift our stop loss to 0.7340 to protect our profits.
RSI (34) sees a bearish change in momentum giving further conviction that we’ll be seeing a much bigger drop in price.

USDCHF approaching major resistance, prepare to sell

Sell below 0.9699. Stop loss at 0.9732. Take profit at 0.9589.
Reason for the trading strategy (technically):
Price is approaching a major level of resistance at 0.9699 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we expect to see a major reaction off this level for a drop to at least 0.9589 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 97% and we expect a corresponding reaction off that level soon.

EURJPY approaching major level of resistance, prepare to sell

Sell below 128.97. Stop loss at 129.54. Take profit at 127.56 and 127.04.
Reason for the trading strategy (technically):
Price has reacted off our selling area perfectly. We remain bearish below major level of resistance at 128.97 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a push down to first 127.56 support (Fibonacci retracement, horizontal swing low support) before 127.04 (Fibonacci extension).
Stochastic (34,5,3) is dropping nicely from our 93% resistance.

MEX_Exchange · August 24, 2017, 2:44am

Date: August 24, 2017

AUDUSD dropping perfectly to our profit target, prepare to buy

Buy above 0.7874. Stop loss at 0.7857. Take profit at 0.7928.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area and is fast approaching our profit target. We prepare to buy above major support at 0.7874 (Fibonacci retracement, fibonacci extension, horizontal overlap support) for a bounce up to at least 0.7928 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 11% where we expect a further bounce from.

AUDJPY approaching major support, prepare to buy

Buy above 86.02. Stop loss at 85.72. Take profit at 87.01 and 87.38.
Reason for the trading strategy (technically):
We prepare to buy above major support at 86.02 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up first to 87.01 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) before a further push up to 87.38 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 1.5% where we expect a further bounce from.

USDJPY right on major support, remain bullish

Buy above 108.85. Stop loss at 108.28. Take profit at 110.28.
Reason for the trading strategy (technically):
Price continues to test our major buying support level. We remain bullish looking to buy above major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is approaching our 2.3% support level where we expect a bounce from.

NZDUSD profit target reached perfectly, prepare to buy for a corrective bounce

Buy above 0.7202. Stop loss at 0.7153. Take profit at 0.7331.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly and has reached our profit target. We prepare to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.3% where we expect a further bounce from.

USDCHF dropping nicely from our selling area, remain bearish for a further drop

Sell below 0.9669. Stop loss at 0.9701. Take profit at 0.9589.
Reason for the trading strategy (technically):
Price has touched our selling area and reversed perfectly. We remain bearish looking to sell below 0.9669 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop to at least 0.9589 support (Fibonacci retracement, fibonacci extension, horizontal swing low support). We also shift our stop loss to 0.9701 to protect our profits.
Stochastic (55,5,3) is dropping nicely from our 97% resistance and has good downside potential.

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EURJPY remain bearish for a further drop

Sell below 128.97. Stop loss at 129.54. Take profit at 127.56 and 127.04.
Reason for the trading strategy (technically):
Price has reacted off our selling area perfectly. We remain bearish below major level of resistance at 128.97 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction off this level for a push down to first 127.56 support (Fibonacci retracement, horizontal swing low support) before 127.04 (Fibonacci extension).
Stochastic (34,5,3) is dropping nicely from our 93% resistance.

MEX_Exchange · August 25, 2017, 1:51am

Date: August 25, 2017

AUDUSD bounced perfectly from our buying area, remain bullish for a further rise

Buy above 0.7882. Stop loss at 0.7869. Take profit at 0.7928.
Reason for the trading strategy (technically):
Price has touched our buying area and shot up perfectly. We remain bullish for a further rise above 0.7882 support (Fibonacci retracement, Fibonacci extension, bullish divergence) towards 0.7928 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). We move our stop loss to 0.7869 to protect our profits.
Stochastic (55,5,3) is seeing bullish divergence vs price signalling that a reversal is impending.

AUDJPY bounced perfectly from our buying area, remain bullish for a further rise

Buy above 86.37. Stop loss at 86.01. Take profit at 87.01 and 87.38.
Reason for the trading strategy (technically):
Price has touched our buying area before shooting up perfectly as expected. We remain bullish above 86.37 support (Fibonacci retracement, horizontal overlap support, bullish exit) for a further push up to at least 87.01 resistance (Fibonacci retracement, horizontal overlap resistance) before 87.38 resistance (Fibonacci retracement, horizontal overlap support, FIbonacci extension). We also move our stop loss to 86.01 to protect our profits.
Stochastic (34,5,3) sees a recent bullish exit of its descending resistance-turned-support line signal a change in momentum to bullish.

USDJPY bouncing nicely above major support, remain bullish

Buy above 108.85. Stop loss at 108.28. Take profit at 110.28.
Reason for the trading strategy (technically):
Price has bounced off nicely from our buying entry area yesterday. We remain bullish looking to buy above major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) sees an ascending support line holding up our bullish movement really well.

NZDUSD right on major support, remain bullish for a bounce

Buy above 0.7202. Stop loss at 0.7153. Take profit at 0.7331.
Reason for the trading strategy (technically):
Price is now testing our major support buying area. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.3% where we expect a further bounce from.

USDCHF remain bearish for a further drop

Sell below 0.9669. Stop loss at 0.9701. Take profit at 0.9589.
Reason for the trading strategy (technically):
Price continues to make lower lows whilst retracing each time. We remain bearish looking to sell on strength below 0.9669 resistance (Fibonacci retracement, horizontal overlap resistance) for a further drop to at least 0.9589 support (Fibonacci retracement, fibonacci extension, horizontal swing low support). We also shift our stop loss to 0.9701 to protect our profits.
Stochastic (55,5,3) is dropping nicely from our 97% resistance and has good downside potential.

EURJPY remain bearish for a further drop

Sell below 129.40. Stop loss at 129.86. Take profit at 127.56.
Reason for the trading strategy (technically):
Price continues to rise and we’re now seeing major resistance at 129.40 (Fibonacci retracement, horizontal pullback resistance, fibonacci extension) where we expect a strong reaction from to fuel the drop to at least 127.56 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is once against testing our 93% resistance level where we expect a drop from.

MEX_Exchange · August 28, 2017, 1:39am

Date: August 28, 2017

AUDUSD shot up perfectly to our profit target, prepare to sell

Sell below 0.7963. Stop loss at 0.7984. Take profit at 0.7869.
Reason for the trading strategy (technically):
Price has shot up perfectly as expected and has reached our profit target perfectly. We are now approaching major resistance at 0.7963 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, Elliott wave theory) and we expect a strong reaction off this level to push price down to 0.7869 support (Fibonacci retracement, multiple horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 95% where we expect a corresponding drop similar to the one we’re expecting on price.

**AUDJPY profit target reached prepare to sell **

Sell below 87.00. Stop loss at 87.25. Take profit at 86.01.
Reason for the trading strategy (technically):
Price has shot up perfectly and reached our first profit target. We prepare to sell below major resistance at 87.00 (Fibonacci retracement, descending resistance, horizontal overlap resistance, bearish price action) for a push down to at least 86.01 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 94% and we expect a corresponding reaction similar to the one we’re expecting on price.

USDJPY remain bullish for a further rise

Buy above 108.85. Stop loss at 108.28. Take profit at 110.28.
Reason for the trading strategy (technically):
Price continues to hover above support but see a long term descending resistance as first intermediate resistance. We remain bullish looking to buy above major support of 108.85 (Fibonacci extension, horizontal swing low support) for a push up to at least 110.28 resistance (Fibonacci retracement, horizontal overlap resistance). It is important to be wary of the descending resistance as price approaches it.
Stochastic (34,5,3) is making higher lows pushing price up.

NZDUSD bouncing up nicely as expected, prepare to sell

Sell below 0.7202. Stop loss at 0.7153. Take profit at 0.7331.
Reason for the trading strategy (technically):
Price has bounced up nicely as expected from our buying area. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.3% where we’re seeing a corresponding bounce from along with good upside potential.

USDCHF profit target reached absolutely perfectly, prepare to buy

Buy above 0.9519. Stop loss at 0.9483. Take profit at 0.9617.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly to our profit target. We prepare to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic is approaching major support at 3.1% where we expect a bounce from.

EURJPY broken major resistance, remain bullish for a further push up

Buy above 130.42. Stop loss at 129.95. Take profit at 131.41.
Reason for the trading strategy (technically):
Price has broken above our major resistance at 130.42 (Fibonacci retracement, horizontal resistance-turned-support) and we turn bullish looking to buy on dips above this level for a push up to at least 131.41 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees a bullish exit of our long term descending resistance-turned-support signalling a change in momentum.

MEX_Exchange · August 29, 2017, 1:40am

Date: August 29, 2017

AUDUSD dropped perfectly as expected, prepare to buy for an intermediate correction

Buy above 0.7909. Stop loss at 0.7880. Take profit at 0.7963.
Reason for the trading strategy (technically):
Price has dropped perfectly from our selling area towards our profit target. We prepare to buy above major support at 0.7909 (Fibonacci retracement, horizontal overlap support, bullish price action) for a push up to 0.7963 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) sees a pullback to our descending resistance-turned-support line.

AUDJPY profit target reached perfectly, prepare to buy above major support

Buy above 85.45. Stop loss at 85.15. Take profit at 86.44.
Reason for the trading strategy (technically):
Price has touched our selling area and dropped perfectly as expected. We prepare to buy above major support at 85.45 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 86.44 resistance (Fibonacci retracement, horizontal pullback resistance, descending resistance).
RSI (55) sees an ascending support line holding the bullish momentum in price.

USDJPY remain bullish right above major support

Buy above 108.66. Stop loss at 108.28. Take profit at 109.80
Reason for the trading strategy (technically):
Price continues to test our major level of support. We remain bullish looking to buy above major support of 108.66 (Fibonacci extension, horizontal swing low support, bullish price action) for a push up to at least 109.80 resistance (Fibonacci retracement, horizontal overlap resistance). It is important to be wary of the descending resistance as price approaches it.
Stochastic (21,5,3) is approaching major support at 2.3%.

NZDUSD remain bullish above major support

Buy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331.
Reason for the trading strategy (technically):
We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 3.3% where we’re seeing a corresponding bounce from along with good upside potential.

USDCHF testing our buying area, time to start buying

Buy above 0.9519. Stop loss at 0.9483. Take profit at 0.9617.
Reason for the trading strategy (technically):
Price has dropped as expected towards our buying level. We remain bullish looking to buy above major support at 0.9519 (Fibonacci retracement, Fibonacci extension, horizontal support) for a bounce up to at least 0.9617 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic is approaching major support at 3.1% where we expect a bounce from.

GBPUSD testing major resistance, prepare to sell

Sell below 1.2938. Stop loss at 1.2994. Take profit at 1.2837.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.2938 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level for a drop to at least 1.2837 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is testing major resistance at 93% and we expect a corresponding reaction off that level similar to the one we’re expecting on price.

MEX_Exchange · August 30, 2017, 2:18am

Date: August 30, 2017

AUDUSD bounced perfectly above our buying area and reached our profit target. Prepare to sell

Sell below 0.7979. Stop loss at 0.8003. Take profit at 0.7909.
Reason for the trading strategy (technically):
Price bounced perfectly from our buying area and reached our profit target. We prepare to sell below 0.7979 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) for a push down to at least 0.7909 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing bearish divergence vs price signalling that a reversal is impending.

AUDJPY profit target reached once again, prepare to sell

Sell below 87.74. Stop loss at 88.06. Take profit at 86.48.
Reason for the trading strategy (technically):
Price has reached our profit target once again. We prepare to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing resistance at 95% where we expect a corresponding drop similar to the one we’re expecting on price.

USDJPY profit target reached perfectly, prepare to sell

Sell below 109.80. Stop loss at 110.45. Take profit at 108.66.
Reason for the trading strategy (technically):
Price has bounced up perfectly from our buying area and reached our profit target. We prepare to sell below major resistance at 109.80 (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to at least 108.66 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is approaching major resistance at 96% where we expect a drop from.

NZDUSD remain bullish above major support

Buy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331.
Reason for the trading strategy (technically):
We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) sees an ascending support line holding price up but faces intermediate resistance at 57%.

USDCHF approaching major resistance, prepare to sell

Sell below 0.9591. Stop loss at 0.9629. Take profit at 0.9490.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.9591 (Multiple Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction off this level for a push down to at least 0.9490 support (Fibonacci retracement, horizontal support).
Stochastic (34,5,3) is seeing major resistance at 97% where we expect a corresponding reaction similar to the one we’re expecting on price.

GBPUSD dropping nicely from our selling area, remain bearish

Sell below 1.2956. Stop loss at 1.2994. Take profit at 1.2837.
Reason for the trading strategy (technically):
Price has reacted nicely off our selling area yesterday. We remain bearish below major resistance at 1.2956 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level for a drop to at least 1.2837 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is dropping nicely from our resistance with good downside potential.

MEX_Exchange · August 31, 2017, 2:02am

Date: August 31, 2017

AUDUSD profit target reached perfectly once again, prepare to buy

Buy above 0.7892. Stop loss at 0.7863. Take profit at 0.7943.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling entry and reached our profit target. We prepare to buy above major support at 0.7892 (Fibonacci retracement, horizontal swing low support, Fibonacci extension, ascending support) for a push up to at least 0.7943 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support at 7% where it is starting to bounce nicely off.

AUDJPY dropping perfectly as expected, remain bearish for a further drop

Sell below 87.74. Stop loss at 88.06. Take profit at 86.48.
Reason for the trading strategy (technically):
Price has reached our selling area and dropped perfectly from there. We remain bearish looking to sell below major resistance at 87.74 (Fibonacci retracement, Fibonacci extension) for a push down to at least 86.48 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is reacting nicely off our 95% resistance.

USDJPY key resistance broken, time to start buying

Buy above 109.80. Stop loss at 109.38. Take profit at 111.11.
Reason for the trading strategy (technically):
Price has broken our key support level triggering a bullish move. We look to buy above 109.80 support (Fibonacci retracement, horizontal pullback support) for a push up to at least 111.11 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) has made a bullish exit signalling that a change in momentum is starting to be seen.

NZDUSD right on major support, remain bullish for a bounce

Buy below 0.7202. Stop loss at 0.7153. Take profit at 0.7331.
Reason for the trading strategy (technically):
Price has dropped right to our buying area once again. We remain bullish looking to buy above major support at 0.7202 (Fibonacci extension, horizontal swing low support) for a further push up to at least 0.7331 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 2.4% where we expect a bounce from soon.

USDCHF testing major resistance, prepare to sell

Sell below 0.9643. Stop loss at 0.9668. Take profit at 0.9561.
Reason for the trading strategy (technically):
Price rose strongly yesterday. We now prepare to sell below 0.9643 resistance (Multiple Fibonacci retracements, Fibonacci extension) for a drop to at least 0.9561 support (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below 97% where we expect a strong reaction from.

GBPUSD dropping nicely from our selling area, remain bearish

Sell below 1.2956. Stop loss at 1.2994. Take profit at 1.2837.
Reason for the trading strategy (technically):
We remain bearish below major resistance at 1.2956 (Fibonacci retracement, horizontal pullback resistance) and we expect a strong reaction off this level for a drop to at least 1.2837 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is dropping nicely from our resistance with good downside potential.

MEX_Exchange · September 5, 2017, 12:37am

Date: September 5, 2017

AUDUSD prepare to buy on major support

Buy above 0.7921. Stop loss at 0.7896. Take profit at 0.7994.
Reason for the trading strategy (technically):
We prepare to buy above major support at 0.7921 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce above this level to at least 0.7994 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is fast approaching 4% support where we expect a bounce from soon.

AUDJPY gapped down to our profit target. Prepare to buy on major support

Buy above 87.00. Stop loss at 86.52. Take profit at 87.78.
Reason for the trading strategy (technically):
Price has gapped down to our profit target perfectly. We prepare to buy above major support at 87.00 (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 87.78 resistance (Fibonacci extension, horizontal swing high resistance, price gap).
Stochastic (34,5,3) is seeing strong support above 3.9% where we expect a bounce from.

**USDJPY prepare to buy above major support **

Buy above 109.40. Stop loss at 108.97. Take profit at 110.21.
Reason for the trading strategy (technically):
Price is now testing major support at 109.40 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect a bounce above this level for a push up to at least 110.21 resistance (Fibonacci retracement, horizontal overlap resistance, price gap).
Stochastic (34,5,3) is fast approaching strong support at 3.4% and we expect a bounce above this level.

EURUSD now testing major resistance, start selling

Sell below 1.1918. Stop loss at 1.1955. Take profit at 1.1825.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push price down to 1.1825 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
Stochastic (34,5,3) is seeing major resistance below 94% where we expect a drop from.

USDCHF testing key support, time to start buying

Buy above 0.9553. Stop loss at 0.9518. Take profit at 0.9653.
Reason for the trading strategy (technically):
Price is testing major support at 0.9553 (Fibonacci extension, Fibonacci retracement, bullish price action) and we expect a bounce above this level for a push up to at least 0.9653 resistance (Fibonacci extension, horizontal swing high resistance, price gap).
Stochastic (34,5,3) is seeing strong support above 3.8% where we expect a bounce from.

EURJPY profit target reached perfectly. Prepare to sell once again

Sell below 130.87. Stop loss at 131.41. Take profit at 130.04.
Reason for the trading strategy (technically):
Price has dropped perfectly to our profit target. We remain bearish below 130.87 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect a strong reaction from this level to push price down to 130.04 support (Fibonacci extension, horizontal overlap support).
RSI (34) sees descending resistance pushing price down really well. It also has good downside potential for a further drop.